Welcome to our dedicated page for NORTHERN SUPERIOR RES news (Ticker: NSUPF), a resource for investors and traders seeking the latest updates and insights on NORTHERN SUPERIOR RES stock.
Northern Superior Resources Inc. (NSUPF) is a gold exploration company focused on the Chibougamau Camp in Québec, Canada. The Company holds a significant land package exceeding 62,000 hectares, with key properties including Philibert, Lac Surprise, Chevrier, and Croteau. Philibert, located near IAMGOLD's Nelligan Gold project, boasts a new inferred resource of 1,708,800 ounces Au and an indicated resource of 278,900 ounces Au. With promising exploration results and a strategic focus on the Philibert Project, Northern Superior aims to further enhance its mineral reserves and unlock the full potential of its assets.
Northern Superior Resources Inc. reported promising assay results from the Falcon Gold Zone on its Lac Surprise property. Highlights include DDH LCS-22-067 yielding 1.63 g/t Au over 45.9 metres, and DDH LCS-22-068 showing 0.84 g/t Au over 43.0 metres, with higher grades of 7.92 g/t Au. The Falcon Gold Zone has been defined over a 900-metre strike length and 380 metres vertical depth, demonstrating strong mineralization characteristics similar to the Nelligan gold deposit. Due to successful results, the company expanded its drilling program to 8,200 metres, focusing on resource confirmation and further exploration. Additional assay results are pending.
Northern Superior Resources Inc. reported significant assay results from the Arctic Fox Zone of the Philibert gold property. Highlights include:
- DDH PB-22-360: 5.96 g/t Au over 10.0 metres.
- DDH PB-22-339: 2.94 g/t Au over 14.0 metres.
- 23 additional holes pending results.
Simon Marcotte, President & CEO, expressed optimism about ongoing developments and plans for an updated resource estimate. Overall, the 2022 drill program confirmed high-grade gold presence along the Arctic Fox Zone, which remains a focus for further exploration.
Northern Superior Resources reported significant assay results from the Grey Fox zone of the Philibert gold property, indicating high-grade gold mineralization. Key findings include:
- DDH PB-22-383: 2.44 g/t Au over 21.0 meters.
- DDH PB-22-381: 1.78 g/t Au over 17.5 meters.
- DDH PB-22-376: 1.53 g/t Au over 15.6 meters.
- DDH PB-22-420: 2.07 g/t Au over 11.4 meters.
With 39 additional holes pending and ongoing drilling programs, the company anticipates further positive results ahead.
Northern Superior Resources has received drilling permits from the Ontario government for its TPK Project in Northern Ontario. This project encompasses 17 drill hole locations on the Big Damn and Annex areas, targeting significant gold deposits. The TPK Property features two mineralized systems with high-grade gold concentrations, including exceptional gold grain counts and assays as high as 94 g/t gold. The company plans a spin-out of the TPK Project alongside other Ontario properties to focus on these valuable assets. The merger with Royal Fox Gold Inc. is now complete, allowing further evaluations of opportunities.
Northern Superior Resources Inc. (NSUPF) has successfully completed the acquisition of Royal Fox Gold Inc. through a statutory plan of arrangement, gaining the Philibert gold project located in Québec. The new board includes members from Royal Fox, and notable appointments include Victor Cantore as Executive Chairman and Simon Marcotte as President and CEO. Following this acquisition, Northern Superior holds the largest property portfolio in the Chapais-Chibougamau district, with significant NI 43-101 compliant resources and ongoing drilling projects, enhancing its market position.
Northern Superior Resources (NSUPF) has announced the initiation of a 6,000m diamond drill program on its Croteau Est Property. This ambitious effort is aimed at exploring the Croteau North Shear Zone (CNSZ), which lies parallel to the Croteau-Bouchard Shear Zone (CBSZ), known to host a 640,000-ounce inferred gold resource. Previous drilling, particularly the CRO22-120 hole, yielded promising results, including 1.06g/t Au over 26m. The current program aims to validate the gold-bearing potential north of the CBSZ and includes further 2022 geological exploration.
Northern Superior Resources announced a new 3km long mineralized zone at its Lac Surprise property in Québec. This discovery is based on results from three recent drill holes and two historical holes, revealing significant gold grades, including 2.90 g/t Au over 3m. The company plans a 6,200m drill program in Q4 2022 to explore the Falcon Gold Zone and the new mineralized corridor, aiming for a potential maiden resource in 2023. President Dr. Morris emphasized the promising findings, indicating further drilling is warranted to uncover higher-grade areas.
Northern Superior Resources has filed a technical report titled NI 43-101 Technical Report Mineral Resource Estimation for the Chevrier Main Deposit, effective October 20, 2021, and completed on September 23, 2022. This report is available on SEDAR. Northern Superior focuses on gold exploration in Quebec's Chapais-Chibougamau Camp and trades on TSX-V under symbol SUP and OTCQB under NSUPF.
Northern Superior Resources announces a correction regarding the dial-in instructions for its 2022 Annual General Meeting set for September 23, 2022, at 4:15 PM ET. The previous notice, dated August 17, contained incorrect information. The correct dial-in numbers are 1 888-338-4913 or 647-412-4701, with the Conference ID of 5092764. Shareholders are advised to refer to the company’s website or SEDAR for further information. The release includes a cautionary note on forward-looking statements, indicating potential risks and uncertainties that may impact results.
Northern Superior Resources (OTCQB:NSUPF) has entered into a definitive agreement to acquire Royal Fox Gold (TSX-V: FOXG) in a transaction valued at approximately C$17 million. Royal Fox shareholders will receive 0.12 Northern Superior shares for each Royal Fox share, representing a 33% premium over recent trading prices. Additionally, a contingent value right (CVR) will allow further share issuance based on a mineral resource calculation of the Philibert project. This acquisition enhances Northern Superior's position in the Chapais-Chibougamau mining district, consolidating key assets and expertise.
FAQ
What is the current stock price of NORTHERN SUPERIOR RES (NSUPF)?
What is the market cap of NORTHERN SUPERIOR RES (NSUPF)?
What is Northern Superior Resources Inc. focused on?
What are the key properties owned by Northern Superior?
Where is the Philibert Project located?
What are the inferred and indicated resources at the Philibert Project?
What is the strategic focus of Northern Superior?
